Bola Shagaya
Hajia Bola Muinat Shagaya is a Nigerian businesswoman and fashion enthusiast. She is one of the richest women in Africa. She is the founder and CEO of Bolmus Group International, a conglomerate with holdings in real estate, oil and gas, banking and photography.
Biography
Hajia Bola Muinat Shagaya was born on 10 October 1959 in her hometown of Ilorin. Her mother was Saadat Bakini. Bola Shagaya attended Queens School, Ilorin, for her secondary school education and Ahmadu Bello University, Zaria, as well as Armstrong College in California, for her tertiary education, where she studied economics and accountancy.She started her career with the audit department of the Central Bank of Nigeria before venturing into commercial activities in 1983. Her business experience started with the importation and distribution of photographic materials. She introduced the Konica brand of photographic materials into the Nigerian market and West Africa.
Hajia Bola Muinat Shagaya is also the managing director of Practoil Limited, one of the largest importers and distributors of base oil in Nigeria, serving local lubricant blending plants. Her business also includes investments in real estate, spanning across major cities in the country with over three hundred employees.
She is currently on the board of Unity Bank plc and has been for over eight years. She is also a member of the recently inaugurated Nepad Business Group – Nigeria. Hajia Bola Shagaya is a patron of the Fashion Designers Association of Nigeria.
Money Laundering Investigation
Bola Muinat Shagaya is being investigated by Nigeria's Economic and Financial Crimes Commission, EFCC, for money laundering also involving Patience Jonathan, Nigeria's former firstlady.
Distinctions
- July 2010: Member of the Order of the Niger awarded by the former President of the Federal Republic of Nigeria, Dr. Goodluck Ebele Jonathan